GBTI has recorded after-tax profits of $4 billion for 2024, a 31% rise from 2023, with total assets at $249 billion, a growth of 24%. The bank’s success is rooted in digital transformation, innovative banking solutions, and strong governance practices, as stated by Chairman Robin Stoby. Looking forward, GBTI aims to solidify its leadership through continued investment in technology and customer-focused services.
The Guyana Bank for Trade and Industry Limited (GBTI) has reported after-tax profits amounting to $4 billion for the year 2024, marking a 31% increase from the previous year. GBTI’s Chairman, Senior Counsel Robin Stoby, stated that the bank’s consistent growth reflects its commitment to robust financial practices, digital innovation, and customer-focused banking solutions, all of which play a vital role as Guyana’s economy grows.
With total assets reaching $249 billion, GBTI has achieved a 24% increase in its asset base. The bank attributes its success in 2024 to strategic investments in digital banking that cater to the evolving needs of its customers. This includes the implementation of enhanced digital services that improve both access and overall client satisfaction.
In addition to focusing on digital banking, GBTI has invested in artificial intelligence-driven services, cybersecurity enhancements, and mobile banking innovation. Chairman Stoby emphasized that digital transformation is an integral part of the bank’s strategy to deliver efficient, secure banking experiences for its clientele.
Looking towards the future, GBTI is committed to maintaining high standards in corporate governance, risk management, and ethical banking. By strengthening its governance framework with comprehensive risk management policies, the bank aims to achieve financial stability and resilience amid an evolving economic environment. Its vision for 2025 is focused on reinforcing its leadership position in the financial sector through ongoing innovation and sustainable practices.
In summary, GBTI has achieved remarkable growth in 2024, with substantial profits and asset increases attributed to its commitment to digital banking and customer service. The bank’s focus on technological innovation and risk management reflects its dedication to adapting to the changing financial landscape while upholding strong corporate governance. GBTI’s forward-looking vision emphasizes sustainability and leadership in the financial sector.
Original Source: newssourcegy.com
